Valentina Matvienko,
Governor of Saint
Petersburg
 
Saint Petersburg, Russia — (METERING.COM) — January 5, 2009 – Russian gas giant Gazprom has entered into an agreement with the government of St Petersburg to cooperate on the installation of gas metering and other developments in the supply of gas in the city.

Priorities under the agreement include the gasification of Gazprom’s suburban areas, the creation of a unified automated system for natural gas flow metering and properties identification, the development and introduction of gas saving technologies, and maintenance of environmental safety and reasonable nature management.

The parties will proceed with the Gas Supply Program 2007-2015, which was launched in 2007. They will define and introduce joint activities aimed at developing gas supply in the city, with due regard to developing gas and energy supply to the Leningrad Oblast and other regions of the North-West Federal District.

The government of Saint Petersburg will fully pay for the gas delivered to budget consumers, and will review and approve, at an economically feasible level, the regulated retail prices for natural gas supplied to the population. The government will also identify the amount of special mark-ups in tariffs for gas transportation intended for financing the Saint Petersburg Gasification Program.

Gazprom and its subsidiaries will be assisted in the installation of gas metering equipment and taking measures to enhance gas consumption discipline, as well as in concluding lease agreements for the land plots located within the city.

Gazprom will also provide reliable gas supply to Saint Petersburg, continue the gasification of its suburban areas and the reconstruction of heat supply systems.

In 2009 natural gas supply to Saint Petersburg is projected to amount to 11.9 bcm.

The agreement is for an indefinite period and follows the expiration of an earlier five-year agreement between the parties concluded in December 2003.